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Technology Stocks : General Lithography

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To: Ian@SI who wrote (461)	7/14/1997 11:08:00 AM
From: Jonathan Bartlett	of 1305

<<Similarly, SUBM is more of a turnaround situation. They don't have the money to pay for the equipment in their latest fab. Equipment makers are taking measures to get paid or get their property back. A year from now, SUBM's PSR will have risen sharply from the 0.3 even if the price continues to fall.>> Ian, just a point of correction. You and others have confused SubMicron Systems Corp. (SUBM) with SubMicron Technology. SUBM is a manufacturer of tools for performing cleaning, etching and stripping steps in the production ICs. They are undergoing a turnaround under the former CEO of Tylan-General, David Ferran. They don't own any fabs. Submicron Technology, I believe, is an outfit which was building a fab in Thailand (?) and recently filed for bankruptcy. Several semi-equips were affected by this failure, but not SUBM. Jon

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